SNB's Jordan on uncertainty

Monetary policy decision-makers must be aware of uncertainty and the limitations of their knowledge, said Thomas Jordan, a member of the governing board of the Swiss National Bank.

Uncertainty necessitates broad-based and impartial analysis, as well as judgment and flexibility in monetary policy decision-making.

The high degree of uncertainty works against ambitious fine-tuning of the economy, Jordan said. However, he noted that it favours focusing on the main task of monetary policy, to

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